IMA Board Extends CEO's Contract

Posted: Updated:
INDIANAPOLIS -

The Indianapolis Museum of Art Board of Governors has announced a contract extension for the museum's director and chief executive officer. Charles Venable will continue in his position through January 1, 2026.

Venable signed a five-year contract with the IMA in October 2012. Tom Hiatt, chair of the board of governors, said the new agreement reflects the board's confidence in Venable's leadership.

"We recognize and appreciate the many significant achievements Charles has made over the course of the past three and half years, including the the development of a new ten-year strategic plan for the institution," said Hiatt. "Changing the trajectory of any institution takes commitment, hard work and time. The other members of the Board and I are confident that Charles and the leadership team he has recruited have set the IMA on the path to a brilliant—and sustainable—future."

During Venable's tenure, membership at the IMA has increased 200 percent, from 5,000 to 15,000, which is a record-high for the museum. He has also reduced the museum's endowment draw from eight percent to 5.8 percent. The museum says Venable's goal is to reach 5.5 percent this fiscal year.

"I am thrilled and humbled to be asked to lead this great institution for another decade," said Venable. "Over the past three and a half years we have made much progress. I look forward to continuing the great work we now do and to executing new initiatives consistent with our new strategic plan. I am honored to work with a supportive Board, talented leadership team and an enormously dedicated staff on this journey."

The museum also touted Venable's work in securing major gifts in both art and capital, including a $10 million gift from the Lilly Endowment. That money was used to establish an endowed Innovation Fund, which enables the museum to identify, research and pilot new program.

  • Perspectives

    • We’re Having the Wrong Conversations About Safety

      Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...

    More

Events



  • Most Popular Stories

    • (courtesy: Frank Logan/Military Vehicle Preservation Assoc.)

      Historic Military Convoy to Cross Indiana

      A sentinel moment of U.S. history is playing out Sunday in South Bend when the recreation of the U.S. Army Transcontinental Military Convoy rolls into town. Approximately 70 historic military vehicles are retracing the original 1919 cross country trip which traveled along the famed Lincoln Highway.

    • West Lafayette Center Breaks Ground

      West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms. 

    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • (photo courtesy of the Marshall County EDC)

      Wire and Cable Startup to Set Up Shop in Argos

      A startup wire and cable company has announced plans to launch operations in Marshall County. The Indiana Economic Development Corp. says Sequel Wire and Cable LLC will invest $53 million to purchase and equip the 50,000-square-foot Argos Manufacturing Center and create 120 jobs by the end of 2024. The company plans to expand the facility to more than 162,000 square feet and begin operations in early 2020. The $2.7 million Argos Manufacturing Center was built in part with...

    • Keep Indianapolis Beautiful Names President and CEO

      Jeremy Kranowitz has been named president and chief executive officer of community nonprofit Keep Indianapolis Beautiful.  Kranowitz previously served as managing director for Sustainability of Hazon, an organization that focuses on environmental change, especially within Jewish communities.